Rs 5 to Rs 100 coupons as new currency at toll plazas: Road Ministry

The government halted toll collection when its decision to accept the withdrawn Rs 500 and Rs 1,000 notes at toll plazas led to chaos in the absence of adequate change, causing massive traffic snarls.

Written by Amitav Ranjan | New Delhi | Published:December 1, 2016 5:07 am
demonetisation, toll, toll tax, toll collection stopped, toll coupons, Rs 5, Rs 100, Rs 5-Rs 100 coupons, india news, indian express news Toll collectors would have to accept these coupons and would have the right to hand coupons as change to highway users.

The Ministry of Road Transport & Highways has proposed introduction of high security coupons of denominations ranging from Rs 5 to Rs 100 to serve as currency for toll on national highways and for return as change to motorists after toll deduction. The proposal comes in the wake of the government’s decision not to extend toll exemption on national highways beyond December 2.

The government halted toll collection when its decision to accept the withdrawn Rs 500 and Rs 1,000 notes at toll plazas led to chaos in the absence of adequate change, causing massive traffic snarls. On November 9, it announced toll exemption until midnight of November 11 but later extended it to November 14, 18 and 24 and finally to December 2.

Watch What Else Is Making News

Considering that returning change to toll payers would still be a daunting task due to shortage of lower denomination currencies, sources said the ministry has proposed that coupons of denominations Rs 5, 10, 50 and 100 be issued at main toll plazas which motorists could buy and hand over at nearly 400 toll plazas.

Toll collectors would have to accept these coupons and would have the right to hand coupons as change to highway users.

These could be bought against the scrapped Rs 500 notes that are valid for toll payment. However, the ministry is seeking exemption for use of the old Rs 500 note and hence, the proposed coupons for paying toll until December 31. The present deadline for accepting old Rs 500 for toll is until midnight of December 15.

As a safety measure, these coupons would have security features of bar codes, hologram with the NHAI logo and serial numbers akin to those on new currencies to avoid duplication or printing of fakes.

To prevent black money holders from buying it in bulk for redemption of these coupons against the new currency at a later date, the ministry proposes to distribute them only through officials of the NHAI.

Since these would be distributed through NHAI, the coupons shall be redeemed by the authority both to toll operators as well as motorists. Nearly 90 officials of the NHAI are being deployed for this programme.

The ministry has also lined up sufficient swipe machines at toll booths with help from State Bank of India and others to facilitate payments and flow of traffic.

For all the latest India News, download Indian Express App

  1. A
    Adish Vaze
    Dec 4, 2016 at 11:34 am
    What next ? Chocolates as legal currency ? lt;br/gt;उद्धवा, अजब तुझे सरकार !lt;br/gt;लहरी राजा, प्रजा आंधळी, अधांतरी दरबार !
    Reply
  2. R
    Raj
    Dec 1, 2016 at 11:52 am
    Who are these trustworthy "90 officials of the NHAI" ? btw. Another way to quick and easy route to convert black to white
    Reply
  3. D
    dhiren sheth
    Dec 2, 2016 at 10:59 am
    YYY we R fighting and quarreling among ???lt;br/gt;if any body has solution pl give it instead of grumbling
    Reply
  4. H
    HB
    Dec 1, 2016 at 6:52 am
    Is not it illegal ??
    Reply
  5. H
    HB
    Dec 1, 2016 at 6:53 am
    Is not this system of parallel currency illegal ??
    Reply
  6. J
    jn
    Dec 1, 2016 at 1:45 am
    No point just another Jumla, no concrete solution
    Reply
  7. V
    V.V.Chandrasekaran
    Dec 1, 2016 at 12:31 pm
    I do not know the meaning of human but shameless,illegal,corrupt stealing public money for I'll maintained dubakure roads.
    Reply
  8. V
    V.V.Chandrasekaran
    Dec 1, 2016 at 12:28 pm
    Not only illegal but also unabashed Corruption,abuse of power.
    Reply
  9. Load More Comments